During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
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Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy. Here’s a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga’s Analyst Stock Ratings.
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Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Exxon Mobil Corporation (NYSE: XOM)
Dividend Yield: 3.26% Wells Fargo analyst Roger Read maintained an Overweight rating and raised the price target from $125 to $133 on March 3, 2023. This analyst has an accuracy rate of 73%. Argus Research analyst Bill Selesky maintained a Buy rating and increased the price target from $128 to $133 on Feb. 2, 2023. This analyst has an accuracy rate of 78%. Recent News: Exxon Mobil has been sued by the US Government over five nooses found at its refinery in Baton Rouge, La., leading to a hostile work environment and subjecting employees to racial discrimination.
Chevron Corporation (NYSE: CVX)
Dividend Yield: 3.63% Wells Fargo analyst Roger Read maintained an Overweight rating and cut the price target from $204 to $199 on March 2, 2023. This analyst has an accuracy rate of 73%. Raymond James analyst Justin Jenkins maintained an Outperform rating and cut the price target from $215 to $212 on Jan. 30, 2023. This analyst has an accuracy rate of 78%. Recent News: Chevron and JERA signed a Memorandum of Understanding to explore carbon capture and storage projects in United States and Australia.
Phillips 66 (NYSE: PSX)
Dividend Yield: 4.04% Raymond James analyst Justin Jenkins maintained an Outperform rating and raised the price target from $130 to $135 on Jan. 13, 2023. This analyst has an accuracy rate of 78%. Wells Fargo analyst Roger Read maintained an Overweight rating and cut the price target from $134 to $127 on Jan. 5, 2023. This analyst has an accuracy rate of 73%. Recent News: Phillips 66 announced an 8% increase in quarterly dividend from $0.97 to $1.05.
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This article These 3 Energy Stocks With Over 3% Dividend Yields Are Recommended By Wall Street’s Most Accurate Analysts originally appeared on Benzinga.com
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